(THIS REPORT DISCUSSES PRINCIPAL CHANGES ON THE REVIEWED CONSOLIDATED FINANCIAL STATEMENT) LH FINANCIAL GROUP PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE FIRST QUARTER ENDED 31

equity ratio was considerably low at 0.25 time. Overall Financial Performance and Profitability Business Segment of GFPT Group 1Q 2020 1Q 2019 Change THB million % THB million % THB million % Chicken

Agreements have been satisfied or waived. The conversion of the loan is subject to the equity value of SGAH calculated from SGAH’s future financial performance. The synthetic convertible loan has been

Dec 2019 Increased (Decreased) % Liabilities and equity Current liabilities Bank overdraft 18.79 16.70 2.08 12.47 Short-term borrowing from financial institutions 178.37 222.25 (43.88) (19.74) Trade and

Amendment Agreement of the Company with one creditor. Shareholders’ equity As of 31 December 2019, the Consolidated Financial Statement had the shareholders’ equity of Baht 17,182 million which increased by

previous year, as the Company mostly relied on its own working capital ratherthan lending from financial institutions. For the 2d quarter of 2O17, according to the financial statement, in which the equity

) (5.3) Total liabilities 3,458.5 3,691.8 (233.3) (6.3) Total equity 4,786.9 5,015.4 (228.5) (4.6) (Unit : Million Baht) Consolidated Financial Statements 30 June 2020 31 December 2019 Increase (decrease

the consolidated financial statements of the Company and its subsidiaries for the first quarter ended 31st March 2018. The Company reported consolidated net profits (attributable to equity holders of

Granary Public Company Limited and its subsidiaries For the Twelfth-month period ended 31st December 2019 1. Overall performance Consolidated financial results of Patum Rice Mill and Granary Public Company

(34.9%) (46.66) -44% 3. Other income 6.20 2.07 5.42 4.14 200% 4. Selling expenses, administrative expenses and financial cost 51.67 70.25 60.50 (18.58) -26% 5. Income tax expenses 3.80 8.24 11.52 (4.44